Pepsico Stock Forecast
Pepsico stock downgraded to Hold/Accumulate
(Updated on May 06, 2024)
The Pepsico stock price fell by -0.187% on the last day (Monday, 6th May 2024) from $176.15 to $175.82. During the last trading day the stock fluctuated 0.93% from a day low at $175.13 to a day high of $176.76. The price has fallen in 6 of the last 10 days and is down by -0.36% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -569 thousand shares and in total, 3 million shares were bought and sold for approximately $510.42 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.75% during the next 3 months and, with a 90% probability hold a price between $175.72 and $186.95 at the end of this 3-month period.
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PEP Signals & Forecast
The Pepsico stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $175.74 and $172.40. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.90%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, January 29, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, January 29, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Pepsico stock
Pepsico finds support from accumulated volume at $170.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.63 (0.93%) between high and low. For the last week, the stock has had daily average volatility of 1.03%.
Our recommended stop-loss: $169.01 (-3.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (PEP) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Pepsico Inc to open at $175.90, and during the day (based on 14 day Average True Range), to move between $173.02 and $178.62, which gives a possible trading interval of +/-$2.80 (+/-1.59%) up or down from last closing price. If Pepsico Inc takes out the full calculated possible swing range there will be an estimated 3.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $176.46 (0.36%) than the support at $170.61 (2.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Pepsico Inc stock A Buy?
Pepsico holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.253 Hold/Accumulate Downgraded
Predicted Opening Price for Pepsico Inc of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$175.90 ( 0.0474%) | $175.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 177.53 | 0.97 % | |
R2 | 176.91 | 0.620 % | ||
R1 | 176.53 | 0.402 % | ||
Current price: | 175.82 | |||
Support | S1 | 175.28 | -0.307 % | |
S2 | 174.90 | -0.526 % | ||
S3 | 174.27 | -0.88 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 177.41 | 0.90 % | |
R2 | 176.68 | 0.489 % | ||
R1 | 176.46 | 0.364 % | ||
Current price | 175.82 | |||
Support | S1 | 170.61 | -2.96% | |
S2 | 167.67 | -4.64% | ||
S3 | 164.66 | -6.35% |
PEP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 30, 2024 | Jun 07, 2024 | Jun 28, 2024 | $1.36 | 0.771% |
2 | Feb 07, 2024 | Feb 29, 2024 | Apr 01, 2024 | $1.27 | 0.731% |
3 | Nov 16, 2023 | Nov 30, 2023 | Jan 05, 2024 | $1.27 | 0.749% |
4 | Jul 20, 2023 | Aug 31, 2023 | Sep 29, 2023 | $1.27 | 0.747% |
5 | May 02, 2023 | Jun 01, 2023 | Jun 30, 2023 | $1.27 | 0.683% |
FAQ
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